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Deficit for Swedish central government in March

7 April 2017 - Press release

Swedish central government payments resulted in a deficit of SEK 9.1 billion in March. The Debt Office’s forecast was a surplus of SEK 7.4 billion. The difference is due to both lower tax income and larger disbursements than calculated.

Tax income was approximately SEK 13 billion lower than forecast. This is mainly explained by lower supplementary tax payments and higher tax reimbursements. The Debt Office's assessment is that the deviation mainly consists of shifts in payments between months. Other tax types developed in line with the forecast.

Disbursements from Sida were SEK 4 billion higher than expected. Furthermore disbursements from Kammarkollegiet were SEK 3 billion higher than forecast. In both cases it is, to a large extent, advance payments of disbursements that were in the forecast for April.

The Debt Office's net lending to government agencies was SEK 0.4 billion lower than calculated.

Interest payments on central government debt were SEK 1.2 billion lower than calculated. This is mainly due to larger premiums and lower exchange losses than calculated.

For the twelve-month period up to the end of March 2017, central government payments resulted in a surplus of SEK 56.8 billion.

Central government debt amounted to SEK 1,332 billion at the end of March.